Group 1 - The company, Singularity Guofeng (01280), has entered into a debt settlement agreement with China Ruike, agreeing to issue 1.975 million new shares to settle an outstanding debt of RMB 5.057 million [1] - The shares will be issued at a price of HKD 2.84 each, representing a discount of approximately 15.73% compared to the closing price of HKD 3.37 on the date of the debt settlement agreement [1] - The outstanding debt has been classified as a current liability and has been unpaid since 2017, with no interest accrued [1] Group 2 - The board believes that settling the outstanding debt through the issuance of shares will eliminate the liability without any immediate cash outflow, thereby strengthening the company's balance sheet and improving its debt-to-equity ratio [1] - The issuance of debt settlement shares will not generate any proceeds, as they are intended solely for the settlement of the outstanding debt of RMB 5.057 million [1]